Viking Therapeutics Inc (NASDAQ:VKTX) Director Matthew W. Foehr sold 13,000 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $7.35, for a total value of $95,550.00. Following the sale, the director now owns 26,250 shares of the company's stock, valued at $192,937.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
VKTX traded down $0.05 during trading hours on Tuesday, reaching $7.21. The company's stock had a trading volume of 1,780,069 shares, compared to its average volume of 1,504,828. Viking Therapeutics Inc has a fifty-two week low of $3.26 and a fifty-two week high of $8.87. The stock has a market cap of $523.45 million, a PE ratio of -17.19 and a beta of 2.10. The business's 50-day moving average is $7.41 and its 200-day moving average is $6.59.
Viking Therapeutics (NASDAQ:VKTX) last released its quarterly earnings data on Thursday, April 30th. The biotechnology company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). As a group, sell-side analysts anticipate that Viking Therapeutics Inc will post -0.6 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verus Capital Partners LLC acquired a new position in Viking Therapeutics during the fourth quarter worth $26,000. Great West Life Assurance Co. Can purchased a new position in Viking Therapeutics in the fourth quarter valued at $30,000. Arden Trust Co purchased a new position in Viking Therapeutics in the first quarter valued at $30,000. Engineers Gate Manager LP purchased a new position in shares of Viking Therapeutics during the first quarter worth about $49,000. Finally, Arizona State Retirement System acquired a new stake in shares of Viking Therapeutics during the first quarter worth about $71,000. Hedge funds and other institutional investors own 54.24% of the company's stock.
VKTX has been the subject of a number of analyst reports. BidaskClub upgraded Viking Therapeutics from a "sell" rating to a "hold" rating in a research report on Tuesday, April 14th. William Blair restated a "buy" rating on shares of Viking Therapeutics in a research report on Friday, April 3rd. B. Riley dropped their price target on Viking Therapeutics from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Monday, May 4th. Raymond James dropped their price target on Viking Therapeutics from $41.00 to $25.00 and set a "strong-buy" rating for the company in a research report on Friday, May 1st. Finally, Chardan Capital initiated coverage on Viking Therapeutics in a research report on Tuesday, May 5th. They issued a "buy" rating and a $15.00 price target for the company. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. The stock has a consensus rating of "Buy" and a consensus price target of $14.50.
About Viking Therapeutics
Viking Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on the development of novel therapies for metabolic and endocrine disorders. Its lead drug candidate is VK2809, an orally available tissue and receptor-subtype selective agonist of the thyroid hormone receptor beta, which is in Phase 2b clinical trials to treat patients with biopsy-confirmed non-alcoholic steatohepatitis.
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